Collect More

NOVEMBER 16, 2021

Anyone who has been in business for a while will know that we are entering the danger zone. The annual period where getting paid is like pulling teeth. Thankfully it is still mid November so there is still time to plan, prepare and cope. The best advice I can give you right now is this- be up front and honest with your customer and ask them, before you start work or provide the goods and services, if they are going to be able to pay on time.

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Banks Trade Collections 100

Better Credit Blog

NOVEMBER 18, 2021

Credit has become integral to how the world works. We use it in our daily lives in many forms, including mortgages, car loans, and credit cards. The amount you can access depends on your credit report and your credit score. That’s why it’s so important to know what these data sources are “saying” about you to potential lenders. Credit Scores. The Lowest and Highest Credit Scores You Could Get.

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Enterprise Recovery

NOVEMBER 19, 2021

If there's any solid business advice I could offer to anyone, it would be this: Always follow up. For many reasons, a follow-up email or phone call is essential in achieving results. Often, however, some people don't feel comfortable reaching out again after a meeting, discussion or event. They're worried their ask is a chore or they're being too pushy.

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Account Recovery

NOVEMBER 18, 2021

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Makayla Hussey o

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Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

Nerd Wallet

NOVEMBER 17, 2021

Open enrollment for Medicare goes from Oct. 15 to Dec. 7 each year, when Medicare beneficiaries choose their coverage for the next plan year. As Medicare enrollees contemplate their choices for 2022, here are overall Medicare changes to keep in mind. Original Medicare costs are going up Original Medicare includes Part A and Part B. Kate Ashford writes for NerdWallet.

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Fico Collections

NOVEMBER 15, 2021

This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Fraud is a big burden for such organizations but there are of course other victims – people just like you and me. Their lives can be turned upside down and their finances ruined when they become victims of clever scam artists.

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Account Recovery

NOVEMBER 18, 2021

A number of hospitals in New York state are being called out for filing liens on the homes of patients with unpaid medical debts, pointing out that the facilities collected $442 million to help them support patient financial assistance and calling the process an “extreme collection practice.” The report was published by Community Service Society … The post N.Y.

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Nerd Wallet

NOVEMBER 19, 2021

When you think about holiday shopping, your mind probably goes to big-box retailers before your neighborhood bookstore or antique shop. But in a time marked by widespread supply chain disruptions and inflation, underdog small businesses deserve our attention. Enter Small Business Saturday. Small Business Saturday is an annual event created by American Express that encourages.

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Credit Corp

NOVEMBER 17, 2021

According to one survey, Americans carried over $1,380 in holiday debt in 2020. It might not sound like much, but it’s a dollar figure that can haunt budgets for months or years if you’re not using credit responsibly. For example, $1,380 on a credit card with 17% interest can take you more than 5 years to pay off if you make only minimum payments—and you’ll pay over $2,000 just in interest.

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Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Jimerson Firm

NOVEMBER 16, 2021

When lawsuits are filed, sometimes the prevailing party is entitled to attorney’s fees. As a general rule in Florida, those attorney’s fees may only be awarded if a statute or contract allows for them. See State Farm Fire & Cas. CO. v. Palma , 629 So.2d 830, 832 (Fla. 1993). For example, in lawsuits involving a homeowners’ association and one of its members, Florida Statute § 720.305 provides that attorney’s fees are awarded to the “prevailing party.

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Account Recovery

NOVEMBER 19, 2021

PEACHTREE CORNERS, GA — The First Financial Asset Management (FFAM360) family of companies, a world-class organization providing revenue-centric solutions to specifically address all phases of the credit and revenue lifecycle, recently earned recognition as a 2021-2022 Great Place to Work-Certified™ business by Great Place to Work®. Certification is achieved through an outside review of company … The post FFAM360 Alliance of Companies Earns Recognition as a 2021-2022 Great Pla

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Nerd Wallet

NOVEMBER 17, 2021

Mortgage application data from years past can teach important lessons. It may not be as engrossing as a memoir, but the story the data tells could help aspiring homeowners make their dreams reality. In 2020, as potential home buyers hustled to take advantage of ultra-low mortgage rates, more than half a million mortgage applications were. Elizabeth Renter writes for NerdWallet.

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Credit Corp

NOVEMBER 16, 2021

In 2019, approximately 38 million people were receiving food stamps—now known as Supplemental Nutrition Assistance Program (SNAP) benefits. The USDA recently announced SNAP benefit modernization , and with the COVID-19 pandemic affecting everything from unemployment rates to housing costs, this number may be increasing. If you find yourself considering applying for food stamps, you may wonder if it will affect your credit.

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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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UK debt collections

NOVEMBER 16, 2021

If a Limited Company has debts they cannot afford or want to avoid paying, they sometimes go down the route of getting the company ‘struck off’ or ‘dissolved to effectively close the company. If a Company Director is trying to get their company struck off to avoid paying company debts, it is advisable to exercise extreme caution. Striking off a company at Companies House.

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Account Recovery

NOVEMBER 17, 2021

The Eleventh Circuit Court of Appeals announced today that the entire panel of judges will rehear arguments en banc in the Hunstein v. Preferred Management & Collections case, vacating the opinion that was issued last month, and giving the industry hope that the case may be reversed. A copy of the ruling, issued sua sponte … The post Eleventh Circuit Announces En Banc Rehearing in Hunstein Case appeared first on AccountsRecovery.net.

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Collections 246

Nerd Wallet

NOVEMBER 18, 2021

Holiday gatherings may present an opportunity to talk to your parents about important money issues, such as estate planning or long-term care. The need to discuss this stuff may feel particularly acute if you don’t see your folks often or these are the first holidays you’ll be together since the pandemic started. Tread carefully, though, Liz Weston writes for NerdWallet.

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Credit Corp

NOVEMBER 14, 2021

With most of the year under our belt, the holiday season is just around the corner. No matter what you celebrate, this season is full of food, celebrating and spending time with loved ones. While you’re hard at work prepping for the holiday season, scammers are too. A survey conducted by Experian found that a full 1 in 4. Americans have been a victim of identity theft or fraud in the holiday season.

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Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Public Citizen

NOVEMBER 16, 2021

Law prof Elizabeth Earle Beske has written  Charting a Course Past Spokeo and TransUnion. Here's the abstract: The Supreme Court’s 5-4 decision in TransUnion LLC v. Ramirez has dramatically upended standing doctrine, apparently out of concern that any other move will invite congressional manipulation and give rise to even greater evils. The Court has done so at considerable cost.

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Account Recovery

NOVEMBER 17, 2021

BEDARD BREAKS DOWN SENDING MVN IN OTHER LANGUAGES America is a melting pot of cultures and backgrounds. And that means that a lot of the people living here in the United States came from places where English wasn’t the primary language that was spoken. Take me, for instance. Being Canadian, it took a lot for … The post Daily Digest – November 17.

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Nerd Wallet

NOVEMBER 17, 2021

Let’s get right to it: The 2022 housing market seems likely to be a watered-down version of 2021. That means while price increases might be slowing and competition could be a little less intense, overall we’re still looking at an abnormally hot market. We wouldn’t call this a housing “bubble,” because economists don’t expect prices. Holden Lewis writes for NerdWallet.

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Credit Corp

NOVEMBER 15, 2021

Digital payment methods like PayPal have been around for a while, and more keep coming. You may already be using Venmo, Cash App and Apple Pay, but Google Pay—formerly Google Wallet—is another interesting alternative. We’ll cover the basics of what Google Pay is, what it has to offer and what you need to know before you start using it. What Is Google Pay?

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Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

Banks

Prosperity Now

NOVEMBER 17, 2021

Native American Heritage Month is a time to honor and commemorate Native American culture while also acknowledging the historical wrongs

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Account Recovery

NOVEMBER 16, 2021

Dan Bloomgarden recently joined Applied Innovation as its Vice President of Business Development. Bloomgarden brings more than a decade of experience in the accounts receivable management and payment processing industries with him to the company. Bloomgarden received a Masters in Business Administration in Strategic Management from Temple University’s Fox School of Business.

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Accounts Receivables Management 246

Nerd Wallet

NOVEMBER 18, 2021

If you’re planning to spend the holidays at a German Christmas market or on a beach in Greece, be aware that COVID-19-related safety measures are returning across Europe. This time, they’re largely in the form of restrictions for those who are unvaccinated in response to rising case rates. Some regions of Germany have already imposed. Sally French writes for NerdWallet.

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Credit Corp

NOVEMBER 19, 2021

This article originally appeared on The Budget Savvy Bride and has been republished here with permission. Whether you’re just recently engaged or already immersed in planning, this is our absolute biggest tip and most valuable advice to offer you. The most important thing to know before you start planning anything is… the dreaded B-word… your BUDGET!

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